Nissan Chemical (OTCMKTS:NNCHY) Shares Gap Down – Here’s Why

Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) gapped down before the market opened on Wednesday . The stock had previously closed at $45.9620, but opened at $38.04. Nissan Chemical shares last traded at $38.04, with a volume of 1,549 shares traded.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of Nissan Chemical from a “buy” rating to a “neutral” rating in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Nissan Chemical Price Performance

The company has a quick ratio of 1.82, a current ratio of 3.05 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 16.61 and a beta of -0.20. The stock’s 50-day simple moving average is $38.53 and its two-hundred day simple moving average is $36.42.

Nissan Chemical (OTCMKTS:NNCHY) last issued its quarterly earnings results on Monday, February 9th. The company reported $0.59 EPS for the quarter. The firm had revenue of $424.19 million during the quarter. Nissan Chemical had a return on equity of 19.04% and a net margin of 17.07%.

About Nissan Chemical

Nissan Chemical Corporation, traded over the counter in the U.S. under the ticker OTCMKTS:NNCHY, is a Japanese specialty chemical company with roots dating back to the late 19th century. Originating in 1887 as Tsurumi Chemical Works, the company was established by Jokichi Takamine following his isolation of adrenaline. Over the decades, Nissan Chemical has evolved into a diversified group that leverages its long-standing expertise in organic chemistry and materials science.

The company operates through multiple business segments, including performance materials, life science products and agrochemicals.